Maryland-based insurance and risk management firm HMS Insurance Associates Inc. has made several executive-level promotions. Nancey Bohlen has been promoted to chief financial officer and vice president of operations. She will oversee financial aspects of insurance and non-insurance related business. …
Bermuda-based AXIS Capital Holdings Limited reported a net loss available to common shareholders for the third quarter of 2009 of $96 million, or $0.70 per diluted common share, compared with a net loss of $249 million, or $1.79 per diluted …
The U.S. property/casualty industry experienced a 17 percentage point decline in risk-adjusted capitalization in 2008, according to A.M. Best Co., which conducted a four-year study. However, the capital still exceeded adequate levels thanks to excess from previous years. Using its …
The Bermuda-based Argo Group International Holdings, Ltd. announced financial results for the three and nine months ended Sept. 30, 2009. The Group listed the following “Highlights” for the three months ended Sept. 30, 2009: — Total revenue was $383.8 million, …
The Ohio Bureau of Workers’ Compensation (BWC) has lowered the discount available to employers who participate in a group-rating system. Beginning July 1, 2010, the maximum available discount for businesses in a group will be 65 percent, down from the …
State-controlled Royal Bank of Scotland Group PLC said Monday that European Union regulators will require it to sell more assets than originally expected, part of an industry shakeup announced by the government this weekend. Treasury chief Alistair Darling on Sunday …
Alleging collusion among members of the board of the Columbus Bar Association, two motions have been filed with the Ohio Supreme Court asking that it reconsider its decision in case number 2005-0422, in which two estate-planning companies were fined almost …
“Heavy and prolonged rainfall across much of Britain on Sunday November 1st has triggered flooding across north-eastern Scotland and Wales, resulting in evacuations and property damage,” a bulletin from Risk Management Solutions reports. A total of 39mm [over 1.5 inches] …
Irving, Texas-based Aggressive Insurance announced it will offer a premium discount to the owners and pilots of general aviation aircraft with seatbelt airbags on board. A new participant in the aviation insurance business, Aggressive wants to attract pilots and plane …
A U.S. appeals panel had tough questions Monday for the receiver in Allen Stanford’s civil fraud case, who is suing to recover proceeds from several hundred investors in the firm’s offshore bank. Stanford, 59, faces civil and criminal charges for …
